{"id":2405,"date":"2020-02-20T15:43:51","date_gmt":"2020-02-20T15:43:51","guid":{"rendered":"https:\/\/coindataflow.com\/clue\/?p=2405"},"modified":"2024-03-09T16:04:32","modified_gmt":"2024-03-09T16:04:32","slug":"withdraw-bitcoin-to-a-credit-card-in-lumi-wallet","status":"publish","type":"post","link":"https:\/\/coindataflow.com\/clue\/withdraw-bitcoin-to-a-credit-card-in-lumi-wallet","title":{"rendered":"Withdraw Bitcoin to a credit card in Lumi Wallet"},"content":{"rendered":"\n<p>Now it is possible to <strong>withdraw crypto to a credit card in Lumi Wallet<\/strong> and the first\ntransactions come with lowered fees!<\/p>\n\n\n\n<p>There are a couple of <a href=\"https:\/\/coinstats.app\/wallet\/\" target=\"_blank\" rel=\"noopener\">crypto wallets<\/a> that position themselves as all-in-one solutions for cryptocurrency operations. Lumi Wallet, after the latest update, is one of a few to actually withstand those claims, allowing both the purchase and withdrawal of crypto to a credit card.<\/p>\n\n\n\n<!--more-->\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_11 counter-hierarchy counter-decimal ez-toc-transparent\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coindataflow.com\/clue\/withdraw-bitcoin-to-a-credit-card-in-lumi-wallet#Why-does-it-matter\" title=\"Why does it matter?\">Why does it matter?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coindataflow.com\/clue\/withdraw-bitcoin-to-a-credit-card-in-lumi-wallet#How-to-exchange-crypto-to-fiat-in-Lumi-Wallet\" title=\"How to exchange crypto to fiat in\nLumi Wallet?\">How to exchange crypto to fiat in\nLumi Wallet?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coindataflow.com\/clue\/withdraw-bitcoin-to-a-credit-card-in-lumi-wallet#The-issue-with-anonymity\" title=\"The issue with anonymity\">The issue with anonymity<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coindataflow.com\/clue\/withdraw-bitcoin-to-a-credit-card-in-lumi-wallet#Good-news-for-early-birds!\" title=\"Good news for early birds!\">Good news for early birds!<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coindataflow.com\/clue\/withdraw-bitcoin-to-a-credit-card-in-lumi-wallet#Stay-tuned-with-Lumi\" title=\"Stay tuned with Lumi\">Stay tuned with Lumi<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Why-does-it-matter\"><\/span>Why does it matter?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Basically, wallets were developed to make\ninteracting with your crypto assets easy. You hold your currencies, transfer\nthem, exchange them, and that\u2019s it. Such basic functionality is provided by any\nwallet on the market, but the game changes when fiat-to-crypto transactions\ncome into play.<\/p>\n\n\n\n<p>As more and more users want to easily buy and\nwithdraw crypto to a credit card, it becomes a challenge for wallet developers\nto provide such functionality:<\/p>\n\n\n\n<p>Firstly, the wallet needs to be\ntechnologically developed enough to provide and sustain such functions. <\/p>\n\n\n\n<p>Secondly, it has to receive the credentials\nand licenses needed to interact with banks and card issuers. <\/p>\n\n\n\n<p>This presents a major obstacle for many\nwallets.<\/p>\n\n\n\n<p>Fortunately, Lumi Wallet has passed the test\nof technology and institutional trust and now it is possible to not only buy\ncrypto in-wallet, but also to withdraw it to a credit card in the currency of\nyour choice.<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"How-to-exchange-crypto-to-fiat-in-Lumi-Wallet\"><\/span>How to exchange crypto to fiat in\nLumi Wallet?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The process is quite simple:<\/p>\n\n\n\n<p>First of all, install the <a href=\"https:\/\/lumiwallet.onelink.me\/cCHr?pid=Media&amp;c=PR&amp;af_ad=withdraw&amp;af_sub1=common&amp;af_web_dp=https%3A%2F%2Flumiwallet.com\" rel=\"nofollow noopener\" target=\"_blank\">iOS\/Android application<\/a>.<\/p>\n\n\n\n<p>After opening an existing wallet or creating a\nnew one, follow these instructions:<\/p>\n\n\n\n<ol><li>Enter the amount of money you want to withdraw.<\/li><li>Enter your email and check the inbox to verify it.<\/li><li>Fill in card details and confirm your ID.<\/li><li>Wait for an email to confirm your withdrawal.<\/li><\/ol>\n\n\n\n<p>That\u2019s it &#8211; your crypto is on the way!<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"The-issue-with-anonymity\"><\/span>The issue with anonymity<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Some users might say \u201cBut Lumi positions\nitself as an anonymous wallet, how does it link with KYC verification?\u201d. The\nanswer is that during the process of withdrawing crypto to a credit card, you\naren\u2019t sharing any new information with the Lumi application &#8211; all the\noperations connected to the verification process are performed through Simplex\nexternally. <\/p>\n\n\n\n<p>Unfortunately, there is no legal way to avoid\nthis procedure if you want to use your credit card, but partnering with a\ntrusted verification provider, Lumi makes sure that it allows you to still have\nfull comfort of using familiar payment methods without compromising your\npersonal data in-wallet.<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Good-news-for-early-birds!\"><\/span>Good news for early birds!<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>And for those who will use the wallet to sell\ncrypto right after the update, Lumi Wallet has prepared a nice offer: for the\nfirst couple of weeks there will be no fee from Lumi Wallet\u2019s side, so if you\nwant to make gains &#8211; there is no better time!<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Stay-tuned-with-Lumi\"><\/span>Stay tuned with Lumi<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Lumi Wallet is an actively developing crypto\nwallet, so we recommend you subscribe to their <a href=\"https:\/\/twitter.com\/Lumi_wallet\" rel=\"nofollow noopener\" target=\"_blank\">twitter<\/a>\nto never miss an update or giveaway. Also, Lumi\u2019s team writes a lot of useful\narticles about crypto on their lively <a href=\"https:\/\/blog.lumiwallet.com\/\" rel=\"nofollow noopener\" target=\"_blank\">blog<\/a> that is definitely worth checking out if\nyou want to learn more about the crypto space. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Now it is possible to withdraw crypto to a credit card in Lumi Wallet and the first transactions come with lowered fees! There are a couple of crypto wallets that position themselves as all-in-one solutions for cryptocurrency operations. Lumi Wallet, after the latest update, is one of a few to actually withstand those claims, allowing &#8230; <a title=\"Withdraw Bitcoin to a credit card in Lumi Wallet\" class=\"read-more\" href=\"https:\/\/coindataflow.com\/clue\/withdraw-bitcoin-to-a-credit-card-in-lumi-wallet\">Read more<span class=\"screen-reader-text\">Withdraw Bitcoin to a credit card in Lumi Wallet<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":2406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[16],"tags":[],"modified_by":"Alex","_links":{"self":[{"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/posts\/2405"}],"collection":[{"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/comments?post=2405"}],"version-history":[{"count":2,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/posts\/2405\/revisions"}],"predecessor-version":[{"id":2626,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/posts\/2405\/revisions\/2626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/media\/2406"}],"wp:attachment":[{"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/media?parent=2405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/categories?post=2405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coindataflow.com\/clue\/wp-json\/wp\/v2\/tags?post=2405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}